Saito named interim Hawaii captive insurance administrator

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As expected, Sanford Saito has been appointed interim Hawaii captive insurance administrator following the resignation of George Sumner. Holly Osumi will assume Saito’s role as chief captive insurance examiner until a permanent captive insurance administrator is named.

Hawaii insurance commissioner Gordon Ito said: “Holly and Sanford have more than nine years of experience with the Captive Insurance Branch. Under their leadership, I expect a seamless transition and for Hawaii to continue to foster and maintain a prudent regulatory environment for our captive insurers.”